Competitors' Prices Are Important Only If a Prospective Buyer Knows

question 191

Multiple Choice

Competitors' prices are important only if a prospective buyer knows about those prices and

• A) can act to purchase them easily.
• B) there is an oligopoly in the industry.
• C) is part of a price-sensitive market segment.
• D) the product is at the maturity stage of the product life cycle.
• E) is likely to spread information via word-of-mouth.

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Definitions:

Precise

Marked by exactness and accuracy of expression or detail.

Connotative

Relating to the implied or suggested meanings associated with a word or phrase, beyond its literal definition.

Active Voice

A sentence structure where the subject performs the action expressed by the verb, making the writing more direct and dynamic.

Passive Voice

A grammatical voice where the subject of the sentence is acted upon by the verb, often used to emphasize the action rather than the doer.